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Revenues, Trade Accounts Receivable, Contract Assets and Contract Liabilities (Tables) | 3 Months Ended
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Mar. 31, 2023
Operating revenues: |
Schedule of Disaggregation by Revenue | The Company disaggregates its sales with customers by the revenue recognition method for its only segment, as the Company believes these factors affect the nature, amount, timing and uncertainty of the Company’s revenue and cash flows. Schedule of Disaggregation by Revenue
|  | 2023 |  |  | 2022 |
|  | Three months ended |
|  | March 31, |
|  | 2023 |  |  | 2022 |
Fixed price contracts |  | $ | 29,093 |  |  | $ | 18,851 |
Product sales |  |  | 173,546 |  |  |  | 115,697 |
Total Revenues |  | $ | 202,639 |  |  | $ | 134,548 |
Schedule of Geographic Information | The following table presents geographical information about revenues: Schedule of Geographic Information
|  | Three months ended |
|  | March 31, |
|  | 2023 |  |  | 2022 |
Colombia |  | $ | 5,740 |  |  | $ | 4,025 |
United States |  |  | 194,839 |  |  |  | 126,984 |
Panama |  |  | 270 |  |  |  | 799 |
Other |  |  | 1,790 |  |  |  | 2,740 |
Total Revenues |  | $ | 202,639 |  |  | $ | 134,548 |
Schedule of Trade Accounts Receivable | Trade accounts receivable consist of the following: Schedule of Trade Accounts Receivable
|  |  | 2023 |  |  |  | 2022 |
|  | March 31, 2023 |  |  | December 31, 2022 |
Trade accounts receivable |  |  | 167,818 |  |  |  | 158,974 |
Less: Allowance for credit losses |  |  | (681 | ) |  |  | (577 | )
Total |  | $ | 167,137 |  |  | $ | 158,397 |
Schedule of Changes in Allowance for Doubtful Accounts Receivable | The changes in the allowance for credit losses for the three months ended March 31, 2023, are: Schedule of Changes in Allowance for Doubtful Accounts Receivable
|  | Three months ended March 31, 2023 |
Balance at beginning of period |  | $ | 577 |
Provisions for credit losses |  |  | 914 |
Deductions and write-offs, net of foreign currency adjustment |  |  | (810 | )
Balance at end of period |  | $ | 681 |
Schedule of Contract Assets and Liabilities | The table below presents the components of net contract assets (liabilities): Schedule of Contract Assets and Liabilities
|  | March 31, 2023 |  |  | December 31, 2022 |
Contract assets — current |  | $ | 18,982 |  |  | $ | 12,610 |
Contract assets — non-current |  |  | 4,415 |  |  |  | 8,875 |
Contract liabilities — current |  |  | (58,591 | ) |  |  | (49,601 | )
Contract liabilities — non-current |  |  | (11 | ) |  |  | (11 | )
Net contract assets |  | $ | (35,205 | ) |  | $ | (28,127 | )
The components of contract assets are presented in the table below:
|  | March 31, 2023 |  |  | December 31, 2022 |
Unbilled contract receivables, gross |  | $ | 6,448 |  |  | $ | 5,738 |
Retainage |  |  | 16,949 |  |  |  | 15,747 |
Total contract assets |  |  | 23,397 |  |  |  | 21,485 |
Less: current portion |  |  | 18,982 |  |  |  | 12,610 |
Contract Assets – non-current |  | $ | 4,415 |  |  | $ | 8,875 |
The components of contract liabilities are presented in the table below:
|  | March 31, 2023 |  |  | December 31, 2022 |
Billings in excess of costs |  | $ | 18,292 |  |  |  | 14,724 |
Advances from customers on uncompleted contracts |  |  | 40,310 |  |  |  | 34,888 |
Total contract liabilities |  |  | 58,602 |  |  |  | 49,612 |
Less: current portion |  |  | 58,591 |  |  |  | 49,601 |
Contract liabilities – non-current |  | $ | 11 |  |  |  | 11 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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